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Discretionary outlays by the federal government totaled $1.8 trillion in 2024. Outlays for nondefense programs accounted for more than half of that total.
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Mandatory outlays by the federal government totaled $4.1 trillion in 2024; more than half was for Social Security and Medicare. The largest increases over the past 20 years have been for the major health care programs.
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Revenues received by the federal government in 2024 totaled $4.9 trillion, of which almost half was receipts from individual income taxes.
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The federal deficit in 2024 was $1.8 trillion, equal to 6.4 percent of gross domestic product.
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In the President’s 2025 budget request, total military compensation is $600 billion, including veterans' benefits. That amount represents an increase of 162 percent since 1980 (and 151 percent since 1999) after removing inflation’s effects.
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Discretionary outlays by the federal government totaled $1.7 trillion in 2023. Outlays for nondefense programs accounted for more than half of that total.
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Mandatory outlays by the federal government totaled $3.8 trillion in 2023; more than half was for Social Security and Medicare. The largest increases over the past 20 years have been for the major health care programs.
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Revenues received by the federal government in 2023 totaled $4.4 trillion, of which half was receipts from individual income taxes.
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The federal deficit in 2023 was $1.7 trillion, equal to 6.3 percent of gross domestic product.
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In the President’s 2024 budget request, total military compensation is $551 billion, including veterans' benefits. That amount represents an increase of 134 percent since 1999 after removing the effects of inflation.
